Asure Software (NASDAQ:ASUR) Rating Increased to Buy at Lake Street Capital

Asure Software (NASDAQ:ASUR) was upgraded by research analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat.com reports.

A number of other research firms also recently commented on ASUR. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Stifel Nicolaus lifted their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stephens started coverage on Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, November 1st. Finally, Northland Securities dropped their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

Shares of Asure Software stock opened at $11.33 on Tuesday. Asure Software has a one year low of $6.89 and a one year high of $11.47. The company has a market cap of $300.86 million, a price-to-earnings ratio of -24.11, a PEG ratio of 1.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $9.39 and its 200 day moving average price is $9.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASUR. FMR LLC boosted its position in shares of Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after acquiring an additional 5,199 shares in the last quarter. Huntington National Bank purchased a new stake in Asure Software during the 3rd quarter valued at approximately $64,000. American Century Companies Inc. raised its stake in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares during the last quarter. Rhumbline Advisers raised its stake in Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after buying an additional 21,533 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.